Cyient DLM Limited (CYIENTDLM) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Cyient DLM Limited ₹180, price ₹931, upside -80.7%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value ₹180.10 · Strongly overvalued (−80.7%)
!Quality 38/100
!Expensive Growth(revenue 5y +15.0 %/yr)
!Thin margins · 5.8% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers(2/13)
!Narrow moat38/100
!Evidence only low, so the estimate is less certain
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
39‑month range ₹272.30 – ₹976.25 · fair‑value band ₹86.79 – ₹302.60 · the ₹931.40 price screens above the ₹180.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Cyient DLM Limited provides electronic manufacturing solutions in India, NAM, rest of the Asia-Pacific, Europe, the Middle East, and Africa. It offers integrated, electronics, mechanical, and additive manufacturing, as well as value-added services. The company also engages in the machining of components for the aerospace, automotive, and defense industries.
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Cyient DLM Limited provides electronic manufacturing solutions in India, NAM, rest of the Asia-Pacific, Europe, the Middle East, and Africa. It offers integrated, electronics, mechanical, and additive manufacturing, as well as value-added services. The company also engages in the machining of components for the aerospace, automotive, and defense industries. It serves aerospace and defense, healthcare and life sciences, industrial, communications, and automotive industries. The company was incorporated in 1993 and is based in Mysuru, India. Cyient DLM Limited is a subsidiary of Cyient Limited.
Stock analysis
Cyient DLM Limited (CYIENTDLM) currently trades at ₹931.40, while our model-based Fair Value estimate is ₹180.10, implying the stock looks roughly 417.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹232.77 per share, and 0 of the 23 models we run sit above the ₹931.40 price.
Bear case: the Growth DCF group reads lowest at ₹73.12, and 23 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹86.79 (bear) to ₹302.60 (bull), the price of ₹931.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cyient DLM Limited reported revenue of ₹12.6B in FY2026 versus ₹7.2B in FY2022, a compound +15.0%/yr. Reported net income was ₹733M in FY2026, compounding +16.5%/yr from FY2022.
Key figures
Market cap ₹37.0B (≈ $386M) · P/E ratio 100.8 · P/S ratio 5.85 · EPS (TTM) ₹9.24 · Net margin 5.8% · Return on equity 7.5% · Return on assets (EBIT) 7.1% · Operating margin 8.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 242% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at −81%, CYIENTDLM screens richer than that median.
Fair Value models
Bear ₹86.79Fair Value ₹180.10Bull ₹302.60
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.54 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−17.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.0%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 7%
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+20.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +15.6% a year for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 224 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−80.7% · Bottom 25%
Profitability
Return on equity (TTM)7.5% · Below median
Return on assets3.2% · Below median
Net margin (TTM)5.8% · Below median
Operating margin (TTM)8.7% · Below median
Growth and dividend
Revenue growth−13.8% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (TTM)100.8× · Priciest 25%
P/B3.65× · Pricier than median
P/S (TTM)2.93× · Pricier than median
P/FCF4.0× · Cheapest 25%
EV/EBITDA31.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 47
PAST (return on equity)30· sector 38
HEALTH (low debt)96· sector 93
DIVIDEND (yield)0· sector 17
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Cyient DLM Limited (CYIENTDLM) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹180.10 versus a price of ₹931.40, about −81% upside (overvalued).
What is the fair value of CYIENTDLM?
Our model-based fair value for Cyient DLM Limited is ₹180.10 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹931.40.
What is the quality score of CYIENTDLM?
Cyient DLM Limited has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cyient DLM Limited (CYIENTDLM)?
Our model-based price target is the fair value of ₹180.10 (as of Sep 27, 2026) from 23 valuation models. Cautious scenario ₹86.79, optimistic scenario ₹302.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Cyient DLM Limited stock forecast for 2026?
Our models put fair value at ₹180.10, about −81% upside versus a price of ₹931.40 (overvalued). Cautious scenario ₹86.79, optimistic scenario ₹302.60. The calculation is refreshed regularly with new filings.
What is the revenue of Cyient DLM Limited (CYIENTDLM)?
Cyient DLM Limited reported trailing-twelve-month revenue of about ₹12.6B (latest available figure, as of Sep 27, 2026).
What growth is priced into Cyient DLM Limited (CYIENTDLM)?
For today's price to be fair in a discounted-cash-flow model, Cyient DLM Limited would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of CYIENTDLM use?
Our models discount Cyient DLM Limited at 12.8 %: a base by market capitalisation (small), damped by beta 0.68, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cyient DLM Limited that is more than 80 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Cyient DLM Limited (CYIENTDLM) delivered so far?
Over the past 5 years revenue at Cyient DLM Limited grew +15.0 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cyient DLM Limited (CYIENTDLM) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Cyient DLM Limited (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cyient DLM Limited (CYIENTDLM)?
The free-cash-flow yield on the price is 0.13 %: that much free cash flow Cyient DLM Limited produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cyient DLM Limited (CYIENTDLM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cyient DLM Limited it is ₹180.10 per share (as of Sep 27, 2026), against a price of ₹931.40. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Cyient DLM Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, CYIENTDLM trades above its calculated fair value: price ₹931.40, fair value ₹180.10, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CYIENTDLM?
No. The price is what the market pays today (₹931.40); the fair value is what the company's own numbers justify (₹180.10). For Cyient DLM Limited the two are ₹751.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cyient DLM Limited worth?
The market values Cyient DLM Limited at about ₹37.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹931.40; our models calculate a fair value of ₹180.10 per share.
What do the bullish and bearish scenarios say about CYIENTDLM?
Our models span a range for Cyient DLM Limited: cautious scenario ₹86.79, base ₹180.10, optimistic ₹302.60 per share (as of Sep 27, 2026, price ₹931.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CYIENTDLM?
Cyient DLM Limited trades at a price-to-earnings ratio of 100.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹180.10 is built from several models across several years. Other multiples: P/B 3.7, P/S 2.9, EV/EBITDA 31.6.
How solid is the balance sheet of Cyient DLM Limited (CYIENTDLM)?
Balance-sheet figures for Cyient DLM Limited (as of Sep 27, 2026): return on equity 7.5%, debt of 0.08 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is CYIENTDLM from its 52-week high?
Cyient DLM Limited trades at ₹931.40, about 5% below its 52-week high of ₹976.25 and 242% above the low of ₹272.30 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹180.10 is for.
Which stocks are comparable to Cyient DLM Limited?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cyient DLM Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹931.40, calculated fair value ₹180.10 (−81%), Quality Score 38/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CYIENTDLM calculated?
We run Cyient DLM Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹180.10, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Cyient DLM Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cyient DLM Limited (CYIENTDLM)?
The closing price on Sep 25, 2026 was ₹931.40. Our model-based fair value is ₹180.10, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cyient DLM Limited right now?
The price sits above even our optimistic bull case (₹302.60). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (₹86.79 to ₹302.60). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Cyient DLM Limited
How large is the market capitalisation of Cyient DLM Limited (CYIENTDLM)?
The market capitalisation of Cyient DLM Limited is ₹37.0B (≈ $386M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cyient DLM Limited (CYIENTDLM)?
The price-to-sales ratio of Cyient DLM Limited is 5.85 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cyient DLM Limited (CYIENTDLM)?
Earnings per share at Cyient DLM Limited are ₹9.24 (price ÷ EPS = P/E 100.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cyient DLM Limited (CYIENTDLM)?
The net margin of Cyient DLM Limited is 5.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cyient DLM Limited (CYIENTDLM)?
The return on equity (ROE) of Cyient DLM Limited is 7.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cyient DLM Limited (CYIENTDLM)?
On an EBIT basis the return on assets of Cyient DLM Limited is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cyient DLM Limited (CYIENTDLM)?
The operating margin of Cyient DLM Limited is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cyient DLM Limited (CYIENTDLM)?
Revenue at Cyient DLM Limited is growing −13.8% versus a year earlier (3y avg +14.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cyient DLM Limited (CYIENTDLM)?
Earnings per share at Cyient DLM Limited are growing −27.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cyient DLM Limited (CYIENTDLM) carry?
The net debt of Cyient DLM Limited is ₹821M (fiscal year 2026, ≈ 8.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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